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TBO Tek IPO Subscribed 1.15X On Day 1; Motilal Oswal Recommends Subscription

India, May 8 -- The initial public offering (IPO) of B2B travel portal Travel Boutique Online or TBO Tek was subscribed 1.15X on the first day of bidding on Wednesday (May 8). According to BSE data, ... Read More


PhonePe Continues To Top UPI Chart, Clocks 6.5 Bn Transactions In April

India, May 8 -- Walmart-owned fintech major PhonePe has retained its leadership in the unified payments interface (UPI) ecosystem with a market share of 48.87% in April across peer-to-peer and peer-to... Read More


CarDekho Group Adds TractorsDekho To Its Marketplace Portfolio

India, May 8 -- CarDekho Group has expanded its portfolio and forayed into the tractor segment with the launch of TractorsDekho, a comprehensive platform for India's farming communities. The company ... Read More


Zomato Unveils 'Weather Union' To Open Source Real-Time Weather Data

India, May 8 -- Zomato CEO Deepinder Goyal unveiled a weather infrastructure called Weather Union, a proprietary network of 650+ on-ground weather stations, developed in collaboration with Centre For ... Read More


Paytm Shares Slip To 52-Week Low Amid Exodus Of Leaders

India, May 8 -- Continuing its recent skid in the stock market, shares of fintech major Paytm slipped by 5% to INR 317.45 during the intra-day trading on BSE on Wednesday (May 8). With this, the stock... Read More


Atlan Raises $105 Mn To Strengthen Data and AI Governance Products

India, May 8 -- Data collaboration software provider Atlan has raised $105 Mn in its Series C funding round, co-led by Singapore's sovereign wealth fund GIC and Meritech Capital. The round also saw pa... Read More


Hacker Sriki Accused Of Stealing 60.6 Bitcoins Worth INR 1 Cr, Arrested

India, May 8 -- The Karnataka Police has arrested hacker Srikrishna alias Sriki in connection with a 2017 Bitcoin case registered in Tumakuru district. Sriki was arrested on charges of stealing 60.6 ... Read More


Simpl Lays Off Around 100 Employees, Eyes Profitability By Mid 2025

India, May 8 -- Bengaluru-based fintech startup Simpl has undergone another round of restructuring, its second in the past year. The Valar Ventures-backed startup has laid off around 100 employees, In... Read More


IIT Madras Raises INR 513 Cr To Invest In R&D, Tech Deployment

India, May 8 -- The Indian Institute of Technology Madras (IIT Madras) has raised INR 513 Cr from alumni, industry players, and individual donors during the financial year 2023-24 (FY24). The funds r... Read More


Goldman Sachs Bullish On CarTrade; Increases Stake To 5.15% Amid Rally

India, May 8 -- Days after reporting profits in the March quarter (Q4) of financial year 2023-24 (FY24), Cartrade got another boost in terms from one of its key investors as Goldman Sachs Asset Manage... Read More